The Augusta daily herald. (Augusta, Ga.) 1908-1914, June 19, 1909, Image 7

The Augusta daily herald., June 19, 1909, Page PAGE SEVEN, Image 7

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Newspaper Page TextSATURDAY, JUNE 19. News of the Cotton Crop and Markets AUGUSTA COTTON MARKET Middling Today 11c. Tone—Steady. _ New York Cotton Market (TODAY'S FIGURES.) Open. High. Low. Clbse. January .... •••• ..... 10.SG lt'.eC 10.82 J 0.82-83 July 10.22 10.93 10.88 10.89-90 October.... •• .... .. .... ....... 10.85 10.80 10.82 10.83-84 December 10.89 10.89 10.86 10.87-S8 Tone--Barely steady. Spots 11.40. (YESTERDAY'S FIGURES.) Open. High. Low. Close. January 10.87 10.90 10.83 10.85-86 July 10.91 10.98 10.91 10.92-93 October 10.88 10.92 10.84 10.85-86 December 10.91 10.93 10.87 10.89-90 Tone—Steady. Spots 11.40. New Orleans Cotton Market £ (TODAY’S FIGURES. Open. High. Low. Close. July ‘ 10.93 10.94 10.93 10.94 October 10.85 10.85 10.82 10.84 December 10.83 10.83 10.82 10.82 (YESTERDAY’S FIGURES.) Open. High Low. Close. July 11.00 11.03 10.97 11.00 October 10.87 10.89 10.84 10.86 December 10.85 10.87 10.83 10.84 Liverpool Cotton Market TODAY’S FIGURES.) Open. 2 p.m. Close. January-February 5.76 5.73% 5.73% February-March ■••• ■••• April-May 5.74% 5.74 5.74 June .. •• .. •• * •• 5.79% 5.80 5.80 June-July 5.81% 5.80 5.80 July-August 5.85 5.82% 5.82% August-September 5.82 5.79 5.79 September-October 5.79 5.76% 6.76% October-November 5.76% 5.74% 5.74% November-December 5.75% 5.73 5.73 December-Jar.uary 5.74 5.73 5.73 Sales 7,000. Receipts, 6,000. Middling, 5.96. L. —.— . Chicago Grain and Provisions ( (TODAY’S FIGURES.) WHEAT— “ Open. High. Low. Close. July 114% 114% 113% 113% September 107% 107% 106% 106% CORN— July 71% 71% 71% 71% September 08% 68% 68% 68% OATS— July 50% 50% 50% 50% September ... 42% 42% 42% 42% LARD— July 1195 1195 1192% 1192% September 1200 1200 1197% 1197% RIBS— July 1112% 1112% 1112% 1112% September 1117% 1117% 1112% 1112% (YESTERDAY’S FIGURES.) WHEAT— Open. High. Low. Close. July 115% 115% 114% 114% September 107% 107% 107% 107% CORN— July 72% 72% 71% 71% September 69% 69% 69 69 OATS— July 51% 50% 50 50% September 43% 43% 43% 43% LARD— * July 1)95 1195 1190 1190 September 1192% 1202% 1192% 1197% RIBS— July 1120 1120 1115 1115 September 1110 1117% 1110 1112% FULL QUOTATIONS IN THE LOCAL MARKETS (TODAY’S FIGURES.) Good ordinary 9 1-2 Strict good ordinary 10 Low middling 10 5-8 Strict low middling 10 7-8 Middling 11 Strict middling 11 1-8 Good middling 11 1-4 Tinges, Ist 10 7-8 Tinges, 2nd 10 5-8 (YESTERDAY’S FIGURES.) Good ordinary 9 7-16 Strict good ordinary 9 15-10 Low middling 10 9-16 Strict low middling 10 13-16 Middling 10 16-16 Strict middling 11 1-16 Good middling 11 3-16 Tinges (Ist) 10 13-16 Tinges (2nd) 10 9-16 Salas for the We OK. Sales. Spin. Shlpl Sat. 239 50 175 Mon .... .... Tues .... .... Wed. Thurs .... .... Fri. ... Totals ... 239 50 175 Receipts for Week. Sat 113 648 Mon 426 Tues 357 Wed 176 Thurs 308 Fri 101 Total* ... 113 2016 Stocks and Receipts. Stock in Augusta. 1909 . . ... 17,866 Stock In Augusta. 1908 22,787 Received since Sept. 1, 1908 ..351,209 Received since Sept. 1, 1907 ..346,165 H Estimates for Tomorrow. Today Estimates. Last Yr. 3.500-4,500 Galveston 2,560 Houston 1,900-2,200 New Orleans 3,362 In Sight and Supply. 1908. 1909. Sight to 23 1.249,299 10,306,506 During week ... 160.805 85.39 C Visible supply ...4.542.069 3,886,177 For: fteceinta. Today- Last Yr Galveston 1146 1810, New Orleans 1779 1604 j Mobile 160 168 1 Savannah 272 1182 Charleston 78 83 Wilmington 65 276 Norfolk 76 580 Baltimore .... New York .... Boston Philadelphia Brunswick .... Pensacola .... Various Total ports 5703 Interior Receipts Houston 606 Augusta 648 Memphis 70 280 St. Louis 50' .... Cincinnati .... Little Rock .... Augusta Daily Receipts. 1908 1909 .Georgia Ry 103 60 Southern' Ry 443 1 Cent, of Ga. Ry 94 36 C. & W. C. Ry 3 A. C. L 10 Wagon 8 3 Canal .... River .... Net receipts 648 113 Through Totals 648 113 AND THE OLD MAN GRINNED “Duke,” asked the heiress eagerly, “did you see father?” ‘“Yes.” “Well?” “We talked about the weather.” “What? Lose your nerve again? Why don’t you brace and talk like a man?—a subject of a king on whose domain the sun never sets!” “Can t,” moaned the duke. "All the tjme I was in your father’s office he kept grinning at a big painting.” “What painting?” “The battle of Bunker Hill.”—Phil adelphia Press. MEAN OF HIM. Hankins—“Er—what is the latest conceit in ladies’ summer hats?” Judkins —“My wife.” —Exchange. ( THE STOCK MARKET The market closed heavy and dull. Prices drifted sluggishly to the low er level and then hardened again. There were no very marked changes shown by opening prices of stocks to day and dealings were on a small scale. Gains outnumbered declines and reached substantial fractions. The tone of the market became very' dull and only a few stocks were In sufficient demand to benefit more than a fraction. Open. Close. Atchison 114% 115% Baltimore & Ohio 117% 117% Canadian Pacific 181% 181% Chicago & Alton 69% 69% Den. & Rio Grande.. .. 49 48% Erie 35 35% Illinois Central 148% 148 L. and N ~.141 142 Missouri Pacific 73% 73% N. Y. Central 133% 133 Pennsylvania 135% 136 Reading 151% 151% Rock Island 30% 30% St. Paul 151% 151% Southern Pacific 130 129% Southern Railway 30% 31 Union Pacific 191 191% Wabash 22 22% Interboro Metropolitan.. 16% 16% Great Northern 148 148 A. C. L 131% 132% Amalgamated Copper .. 81% 81% Am. Car and Foundry ... 55% 55 Am. Locomotive 58% 58% Am. Smelting & Feflning 91% 90% B. R. T 78% 78% Colo. Fuel and Iron 42% 42% United States Steel ... 66% 66% Do pfd 123% 123% Va.-Caro. Chemical 54% 53% SUITE BENEFITED BP CENTBNL DEAL NEW YORK. —Boersianer, the New York American’s financial expert, says ■>. -»| Everybody concerned in the Central of Georgia-nlinois Central deal is to be congratulated. The transfer of the Southern road is excellent for every body from Oakleigh Thorne to the Illinois Central itself—not to omit the bond.holders of the Central of Geor gia. For a relatively small sum a huge heterogeneous corporation has been turned over, or rather allied, to one of the most provident and best managed railroads In the country. It is a bad panic that does nobody good and in that respect the crisis of 1907 was not wholly had. In the storm and stress of that period E. H. Harriman purchased from the president of the Trust Company of America the control of the Central of Georgia for $3,000,000. This sum represented a profit to Thorne of $2,- 500,000, he having picked up the stock for about $500,000. It is altogether unlikely that the holders would have parted with the shares even at that handsome remuneration had the finan cial situation at that time been less stormy. But the banks then -wanted money far more than securities. So the trust company with which Thorne is identified really disposed not only of the control of the Central of Geor gia, but of the Tennessee Coal and Iron company. What Was the PriceT Presumably the report of the Illinois Central for the year ending this month will show what price was paid for the Georgia line. Double or even treble the amount paid to Thorne would not be dear—for the Illinois Central —for the acquisition is most valuable to It. The deal gives the Illinois Central two seaports, one to the gulf and the other to the Atlantic at Savannah; so that the line now extends from the north ern boundaries of Minnesota, tapping the Great at Chicago, to the extreme southern part of the country and east to one of the most prosper ous states in the South. Connectloik is made between the two lines at Birmingham. The Central of Georgia, although a conglomeration of more roads than make up the Southern railway, has met fixed charges since its reorganisa tion in 1905. There are nearly 2.000 miles of the road which traverse a ter ritory potentially rich in traffic. Included with the property are val uable coal fields, something that .the Illinois Central has always needed. The capital stock of $5,000,000 is a nominal item in view of the future of the road. The profits in the trans action just closed are not between Thorne and Harriman. They are in the preferred income bonds and other liens. These wore picked up in 1907 by those who foresaw that a powerful system like the Illinois Central would some day acquire the road. The se curities were bought at a very low figure, especially the three preferred income issues, which had been receiv ing a dividend to that time, but were denied an income following the panic. Securities Strengthened. Every lien may now be regarded as a first rate security, Inclusive of the equipment trust obligations, amounting to $2,500,000. A heavy in crease in the receipts of the Central of Georgia is now inevitable, for prac tically all of the Atlantic seaboard traffic of the Illinois Central will be given to its subject company. The Georgia line will welcome the in crease, since freight traffic grew only one per cent In nine years, from 1899 to 1908. Passenger density shows a better record In the same period from 37 per cent to 60. 0 Last year operating charges were $9 069,119, against gross receipts of $11,658,652, and as the fixed charges were $2,593,031 there was a deficit of $3,498. But in the current year the road will do a little better. Earn- Ings are running at an increase of about 8 per cent The property, In other words, Is self sustaining. That it will do much bet ter under the Illinois Central man agement is a matter of course. The $5,000,000 of stock purchased by thj Illinois Central should in time prove a valuable asset AUGUSTA HERAIJ Charleston & Western Carolina Railway of T { I r e ,in« llo^ l 7 b ' a " iva!a and departures UnluM Station, Augusta, Go., as well as connections with other coinT S e f;. are . slmply * lvc " a* information, and are not guaranteed. (Effective May 30, 1009.) DEPARTURES 0.30 a. m. No. 7, Daily for Anderson, Senaca, Walhalla, etc. a. m.—No. 1 Daily for Greenwood, Laurens. Greenville, Spartanburg Hendersonville and Asheville. 2:05 p. m.—No. 42, Daily, except Sun day for Allendale, Fairfax, Char test on, Savannah, Beaufort, Port Royal. s:do a. m.—No. 33 Sunday only, Char leston. Savannah, Beaufort, Port Royal. 4:40 m.—No. 3 Daily for Greenwood No. 5 leaves Greenwood at 0:50 a. m. for Spartanburg. ARRIVALS. No. 4, Dally from Greenwood, 9:35 a. m. No. 41, daily except Sunday and 37 Sunday only from Charleston, Savannah, Beaufort, Port Royal, etc., 12:05 p. in. No. 2 Dally from Asheville. Spartarjmrg. Greenwood, etc., 6:16 p. m. No S, Daily from Anderson, McCormick, etc., 8:35 p. m. Trains 41 and 42, 37 and 38 run solid between Augusta and Charleston. ERNEST WILLIAMS, General Pasenger Agent No. 807 Broadway, Augusta, Ga. ♦ ♦♦♦♦♦♦♦♦♦♦♦♦♦♦ ♦ ♦ ♦ AUGUSTA GRAIN ♦ ♦ AND PROVISIONS ♦ ♦ ♦ ♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦ Fancy Head rice TC Head rice 6c White Clover drips, bbls 840 Pure Culm molasses, bbls 34c P. R. Molasses, bbls 24c ft. O. Molasses, bbls 1744° Kerosene oil 12(4o Sausage, in oil, 6-lb. tins 9c D. E. plates, 3-lb. ave 11c Snow Drift compound, s®-ib. cans 9(4 c Pure Wheat. Bran 41.86 Virginia H. P. peanuts 4(io 22-lb cream cheese 180 Snow Drift compound, 60-lb cans 9(4c 32-lb. flat cheese .. ..18C Cottolene per cs. (10s only) ~..56.60 D. S. Sides, 46-lb ave 12c D. S. Bellies, 18-lb ave 12%c Smoaked Sides, 32-lb ave 121ic Smoked Shoulders 11a No. 1 Picnic Ham®, 11-lb 11(4 C Dove Brand Hame, 11-lb 1644 c Capitol City Hams, 11-lb .. •* . .164(0 R. G. Breakfast bacon .. 15 (4 c Best white corn SI.OO Best mixed corn SI.OO White Oats (no barley) 74c White Clipped Oats, 8., mix 76c Best white oats 72c Pure wheat middlings $1.90 Chicken feed (50-lbs) SI.OO Corn chops, 96-lbs .. .. •• ....$1.86 Dairy food, 100-lbs $1.90 C. C. Leaf Lard, 60-lb. cans 1244 c Fidelity K. R. Lard (tubs or cans) 140 Flake White Comp, lard 50-lb cansß%c (Lard in tierces (4c less; in 60-lb tuba %c less.) N. Y. Gran. Sugar (bbls) $5.26 N. Y. Gran. Sugar 4-25-lbs $6.30 Sugar f. o. b. const 10c lees 85-lb Uearl Grit (all slzjs) $2.06 Ga. Country Meal, 96-lb $1.90 Gs Country Meai, 48-lb 96(4c Ga. Country Meal, 24-lb 49c Alfalfa hay per ton $23.00 Pea Vine hay $20.00 Cotton seed meal, per ton $30.00 No. 1 Native hay, per ton $15.50 No. 1 Timithy Hay $21.50 Cotton seed hulls $7.5$ Oefplfa feed, per ton $34.00 Run of mill (bran and middlings) $36.00 Mountain Rose (best second patent,) flour $6.65 Wooloott’s Royal High Patent ( flour $7.50 Ethereal, highest patent flour ..SB.OO (The abov« prices on flour In H® and <4s cotton; wood 15c more.) Medium green coffee 8%0 Fancy green coffee 10(ic Choice green coffee 9%0 Salt, cotton bags 50c Tubs 26(4c LOCAL STOCKS AND BONDS (.Corrected By Martin & Garrett.) Government Bonds. Hid Asked U. S. 2s, 1930 10114 U. S. 3s, 1918 10114 U. S. 4s 1925 .12054 State Bonds. Ga. 3<4s, 1930 J A J .. .-- 100 Ga. 3% M A N, 1915 99 Ga. 4448, 1922 J A J .. .. ■ 99)4 C. of Ga. Ry. Mobile Dlv. Ist, Be, 1944, J A J 108 C. C. A A. 2nd 7s 1010 , A. A O. 10* Ga. R. R. Hanking Co. 6s 1910 J A J 101 Ga. R. R. A Banking Co. 1922, Os J A J 112 8. Ry. Co., Ist con. 5s 1994, 8s J. A J .. .. .. 111% Southern Cotton Mill stocks. Aiken Mfg. Co. <S. C.) .. 85 Anderson Cotton Mills (S. C.) pfd 52 58 Arkwright Mills 105 109 Abbeville Cotton Mills (8. C.) 90 92 Augusta Factory 07 70 Belton Mills 110 112 Cabarrus Cotton Mills .. 131 136 Chadwick Mfg. Co. <N. C.) Cblquola Mfg. Co.. 18. C.) 120 120 Clifton Mfg Co. IS.C.) .. 11* 115 Clifton Mfg Co (8.C.) pfd- 59 Columbus Mfg. Co. (Ga.) 98 101 Dallas Mfg. Co. (Ala.) ..94 101 Snoree Mfg. (8.C.) .. ..70 go ■noire Mfg. Co. CH.C.) pfd —— 100 BegU asd Phoenix Mills (Ga.) .. 123 .. Easley Cotton Mill (S.C.) 136 145 iwiterprlse Mfg. Co 33 Gaffney Mfg. Co. (8.C.). 94 100 Do. 2nd pfd 30 31 Gainesville Cotton Mills (Ga.) 50 80 Granby Mill, pfd .. .... 63 Grendel Mills (S. C.)_ .. ..110 120 CENTRAL OF GEORGIA RAILWAY. Effective May 30, 1909. (75th Meridian Time.) DEPARTURES. For Savannah and Macon .. .. ••7:Boam For Dublin and Savannah .. .. *2:3spm For Savannah and Macon . . ••B:4opm For Savannah and Macon . . !!9:4opm TV BE E LIMITED 117:00am For Savannah and Macon. ARRIVALS From Savannah and Macon .. !!8:10am From Savannah and Macon ... •*B:6oain From Savannah and Macon ... ••7:sopm From Dublin and Savannah . .*l2:4spm TYBEE LIMITED !!!12:45am From Savannah. •Dally. •* Except Sunday. P.Sunday only !!!Mondny only. Drawing Room Sleeping Cara between Augusta and Savannah on night trains. Connects at Millen with through sleep ing cars to and from Macon, Atlanta, and Birmingham. W. W. MAOKETT, Trav. Pass. Agt. Phono No. 62 719 Broad Street. ATLANTIC COAST LINE THE GREAT HIGHWAY OF TRAVEL BETWEEN THE NORTH and SOUTH "Fla. and W. I. Lim.,” leaves Au gusta 2.30 p. m., dally. Through Pull man Cars to Principal EASTERN CITIES. Special low rates to Rich mond, Va. Convenient schedules to Wrightsville Beach—Virginia Beach. For information, call on L. D. McCULLUM, Commercial Agent. 807 Broad Street. Merchants Bank .. .. .. 198 200 National Bank 133 140 National Exchange Bank 126 127 Planters Loan & Savings Bank (par $10) 20 22 Union Savings Bank (par $25) 62% Local Bonds. Augusta Factory Ist, 6s . „ duo 1915, M & N .... 103 Augusta Ry & Elec Co. Ist ss, 1940, J & D ... 93 Bon Air Hotel Co. 6s J & D 1911-21 100 Enterprise Mfg Co., Ist ss, 1923, M & N 93 »6 Sibley Mfg. Co., Ist 5s due 1923, J & J 93 95 City Bonds Augusta 4s 1931 M & S.. 98 Augusta 4s, 1925, A & O. . ..... ■ Atlanta 6n, 1914, J ik J 108 ——. Charleston 5s 1924, A. & O *. 107 Columbia, 4s, 1910, J & J 97 Columbus, 4%5, 1927, J & J 102 Jacksonville ss, 1924, M & N Hn Macon, 4%s t 1926, January VtHAfs AU-\ ( w THERE'S A MAN OUTSIDE ( f WAS AFRAID ] I'^ U ARE ALL XAT CON- 1 \‘DEARIE, WHO SATS ME CAME ' JHE MIGHT BE 4 SO - STUPIDLY Founded / to inspect the moused but U .sneak thief *\ v. Suspicious l J. - iHfcl .) * oE o*** r —j .. »■ .' ..v'—jggTLriTrrT-.-n—*rr ■ t ...... .f I'm a * Plain, ct othfs. L r . just loo< it all ) WELL, WHAT I DETtCTNEHFADCM/Wffm ,° VER MUS > T ***“» THAT STUP.D .Kir! r-J g jg*J7^ I'M GoiN& NOW .SIR-) ( ANT OTHER TIME \A \ HEAVENS, DEAft r —THAT MA fj Much obuged'. ' ) ) just Come to me,- \Tou ,N was a burglar , T^s ———Don't mind my wife, lIVI He’s stoleH hvek<thi« he^ —- \f, n \ / ( Pl LOCK THE DOOR W//COULD LAI C S*' > 1 "hi (Oj 60 nni 7 y FINANCIAL Choosing a Bank Is one of the roost IMPORTANT acts In the career of «ny flfm or In. dividual. A goo# banking connection la of MATERIAL help to ou«. If you have no bank account, or desire to change your present ar rangements, we offer you the excellent facilities of this bank. The SMALL depositor receives the same courteous consideration as the LARGER one. The National Bank of Augusta L. C. HAYNE, President. CHAS. R. CLARK, Cashier. National Exchange Bank AUGUSTA, GA. Capital and Surplus, $540,000.00 A Bank with a strong directorate of successful and enterprising business men. Will you join tho constantly increasing number of well pleased customers? A BALANCE IN THE BANK IS A READY FRIEND. P. E. MAY, President. E. A. PENDLETON, Cashier. WM. K. KITCHEN, W. T. WIGGINS, Vice President. Assistant Cashier. Georgia Bank Augusta, Georgia. -> ’ This Bank Solicits the banking business of merchants and corporations. We pay 4 Per Gent Interest on all deposits placed in our Savings DeDt YOUR ACCOUNT INVITED. Idle Or Working Money Progressive business men kno w that overy day opportunities arise for safe and profitable Investment, and realize the necessity for ready money to take advantage of them. But there are people in every community whoso savings lie Idle because they have not the time or expertenoo to hunt up Investments. This hank solicits the accounts of both these classes; assuring them courteous treatment and every accommodation within the pow er of sound banking. MERCHANTS BANK quarterly 103 Macon rts, 1910 January quarterly 101 Savannah \% 1950 F. A A., quarterly 10/ Havannuh sm, 1913 January quarterly 103 —- Railroad Stocks Atlanta and West Point. 144 150 (ia. R. R. & Bkg. Co. .. 255 260 Southwestern R. R. Co. ..113 116** A. & S. It. It. Co. ... .. 113 116 Railroad Bonds. Augusta So. Ry. Jst mort gage, ss, J A T) 1924 .. 90 —-—» GROUCHC THE Mo[^K _ (Copyright. 1909, by Amertcan-JoTirnal- Examiner.* PAGE SEVEN FINANCIAL C. of Ga. Ry. Ist Mfg. 5s 1945, F A A 114 <?. of Ga. Ry. Ist Con. Mfg. ss, 1945, M. and N. ..110% * C. of Ga. Mar. A Nor. Dlv. Ist r»s, 1046, J & J .. .. 105 Central of Ga. Eaton ton Branch, Ist ss, 1926 J A D 106 C. of Oa., lat pfd income fs Oot., 1945 70 C. of Ga. 2nd pfd income 6s, 1915, Oct 59 C. of Ga., 3rd Income fts . 1945, Oct .. 52